Today, we dive into the recent confirmation of the abolition of the securities transaction tax and its effects on the KOSPI and KOSDAQ. Discover how the top companies reacted and what it means for future market trends. Join us for an insightful analysis of this pivotal development.
(p1) Today, there was news that the abolition of the securities transaction tax has been confirmed.
(p2) Accordingly, I looked at how the KOSPI reacted, dividing the market capitalization rankings into groups of 200 to see the rate of increase the top 200 companies showed a significantly higher rate of increase.
(p3) On the other hand, when we looked at it in detail by dividing it into groups of 50, only the top three groups were high, while the remaining groups were similar.
(p4) In contrast, in the KOSDAQ, the rate of increase for the top 400 group was overwhelmingly higher than the others,
(p5) and looking in detail, it seems that only about the top 100 companies increased significantly.
(p6) The rate of increase wasnt as high as expected, and since it was concentrated on a few top companies, I dont think the positive effect of the abolition of the securities transaction tax will last long. Thank you.
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andy
Dec 09, 2024 18:03
Dec 09, 2024 18:03
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Abolition of Securities Transaction Tax Impact
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